Taxes!

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Full scale audits are too expensive to impose them on us little people.

more difficult than I look (Aimless), Tuesday, 30 April 2024 16:19 (two weeks ago) link

I'm in a slightly weird spot myself -- not the end of the world -- where my initial returns went in, but I only got partial refunds back; turns out my preparer -- who I've used for many years! -- missed a bit of coding, so had to send in amended returns. The remainder from the state came back in a week but I haven't seen anything yet from the feds, and given all this there's no way I can immediately track the progress of that amended return. (Unless I'm missing something? Any advice welcome! But larger point here -- table, you're not the only one seeing a delay, so I wouldn't fret here.)

Ned Raggett, Tuesday, 30 April 2024 16:20 (two weeks ago) link

xp lmao it's like if chatgpt got an ilx login

https://trac.syr.edu/reports/706/include/figure2.png

𝔠𝔞𝔢𝔨 (caek), Tuesday, 30 April 2024 16:53 (two weeks ago) link

I tried the new free Fed online filing system... just 100,000 used it, so I feel special. We'll see if my refund actually shows up

Andy the Grasshopper, Tuesday, 30 April 2024 16:57 (two weeks ago) link

https://www.youtube.com/watch?v=l_YMrHssFXo

Andy the Grasshopper, Tuesday, 30 April 2024 16:57 (two weeks ago) link

that’s what i used too

butt dumb tight my boners got boners (the table is the table), Tuesday, 30 April 2024 17:27 (two weeks ago) link

Full scale audits are too expensive to impose them on us little people.


Lol … I have actually seen it tbh. It was actually a real problem… and got called out for the racism inherent in it. It’s easier to find mistakes and discrepancies in the tax returns of poorer people and the IRS hadn’t devoted much to training staff on more complicated tax issues. However the IRS has recently decided that they are going to devote time and resources to… auditing wealthy people and complex businesses entities! Amazing!!

sarahell, Tuesday, 30 April 2024 19:48 (two weeks ago) link

So … the things that could happen that not getting your refund in 3 weeks could indicate:

1. It might show up next week because of their processing cycle.
2. The IRS thinks there was a mistake:
2a. The IRS fairly primitive computer system matches what you report on your tax return to what others have reported as having been paid to you or received from you.
2b. The IRS rarely gaf if you fail to report student loan interest paid or take a deduction for mortgage interest… so usually it’s an income side mismatch.
2c. If you failed to report income of a type they have on record that you received or if you reported less than what they have on record that you received, they will most likely send you a correction letter.
3. This is a classic pass-agg document that says “you said this” … “however we think you should have said that. If you disagree, file an amended return or contact us, otherwise we will assume we are right and you owe us money.” The document will also come with instructions how to pay them what they think you owe.
4. Sometimes they are wrong.
5. Unless you agree with their corrections, it’s often best to file an amended return because there are potential deductions in relation to the income that the IRS is not going to calculate for you.

sarahell, Tuesday, 30 April 2024 20:01 (two weeks ago) link

Ime the most common things the IRS catches and sends correction letters on are:
1. Unreported self employment income
2. Investment income that is in your name but a relative deals with the account and you don’t have the paperwork sent to you so you often forget it exists (see also: aging parents)
3. Unemployment income for short periods of time
4. Cashing out a retirement plan or life insurance policy from a former job especially if there was hardly any money in it to begin with
5. A w2 from a job you quit in January that you forgot about and they sent it to an old address

sarahell, Tuesday, 30 April 2024 20:07 (two weeks ago) link

6. Investment income from a stock plan from a company you no longer work for because brokerage firms will often not report the basis of employer stock so when you sell it it shows the cost basis as 0 and it looks like you made a huge profit

sarahell, Tuesday, 30 April 2024 20:09 (two weeks ago) link

The IRS fairly primitive computer system

every year I get a letter from them about 1099s and it's like "Sorry, but the name doesn't match the SSN#" and invariably the name DOES match the actual SSN# but their 1953 scanners read the name and/or SS number wrong

Andy the Grasshopper, Tuesday, 30 April 2024 20:16 (two weeks ago) link

We had an issue where the IRS kept saying we owed money that had already been paid long before. We had the receipts and everything, yet every two to three months we went through the cycle of getting a letter in the mail stating we still owed the money > logging in to see that indeed the payment had been made but was listed as "processing" > waiting on hold for two hours for a rep to confirm we had been paid and no need to worry, the system was just lagging behind due to the pandemic backlog > getting another letter stating we owed the money > rinse and repeat for about 16 months before it was finally resolved.

Maxmillion D. Boosted (jon /via/ chi 2.0), Tuesday, 30 April 2024 21:23 (two weeks ago) link

Ugh … sorry.., I mean I don’t work for the IRS so it’s not my fault but

sarahell, Tuesday, 30 April 2024 22:00 (two weeks ago) link

_The IRS fairly primitive computer system_

every year I get a letter from them about 1099s and it's like "Sorry, but the name doesn't match the SSN#" and invariably the name DOES match the actual SSN# but their 1953 scanners read the name and/or SS number wrong


Do you handwrite them or something??

sarahell, Tuesday, 30 April 2024 22:00 (two weeks ago) link

hey guys did you know I'm so baller that in addition to working my full-time job, I made $14,000 in non-employee compensation from DoorDash in 2022?

Me neither! but the IRS seems to think I did!

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 20:24 (two weeks ago) link

(i'm not actually even stressed, I'm giggling .....clearly someone fucked up)

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 20:25 (two weeks ago) link

i may have questions for this thread as I report this obvious mistake.

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 20:26 (two weeks ago) link

Did someone steal your SSN# or something?

Andy the Grasshopper, Thursday, 2 May 2024 20:27 (two weeks ago) link

i think if someone outright stole it, I'd have noticed before now. but I am checking my credit report just in case.

feel like it's more a case of someone who was keying in an SSN made a one digit error, but who knows.

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 20:32 (two weeks ago) link

apparently this is a thing that has happened to other people though:

https://www.reddit.com/r/IRS/comments/18rk1gu/someone_used_my_wifes_social_for_doordash/

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 20:35 (two weeks ago) link

Yeah, it's not like DoorDash requires you to show the actual SS Card - you can probably tell them any old number

years ago I worked at design firm and we briefly had a contractor from eastern europe.. I kept asking her to complete the W-2 (she claimed her SSN# was 'private') and when she finally handed it back to me, her SSN# was XXX-XX-1234 .. literally 1234 were the last four digits. Huh, what are the chances of that?

Andy the Grasshopper, Thursday, 2 May 2024 20:39 (two weeks ago) link

CONFIRMED - IDENTITY STOLEN.

looked at the transcripts and you can see the address that Doordash had for me is one I've never had in history. this should be a fairly easy process to dispute as I can prove on my own credit report I've never lived there. have set up credit freeze and fraud alert on my account. have all of the forms ready to go.

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 21:58 (two weeks ago) link

shit, that sucks! Nothing with the IRS is ever quick & easy, tho

Andy the Grasshopper, Thursday, 2 May 2024 22:01 (two weeks ago) link

they haven't met a guy with infinite patience to be annoying like me before

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 22:20 (two weeks ago) link

You will end up getting an IP PIN that they will send you each year until you die

sarahell, Thursday, 2 May 2024 22:35 (two weeks ago) link

bleh.

looks like the guy got deactivated eons ago but may have actually been using my DoorDash account. cunning.

FTC report and IRS ID theft report filed electronically, just gotta respond to the CP2000 now.

RICH BRIAN (Neanderthal), Thursday, 2 May 2024 22:38 (two weeks ago) link

jeeeeezus

the talented mr pimply (Alfred, Lord Sotosyn), Thursday, 2 May 2024 23:11 (two weeks ago) link

Doordash replied with what seems like a form letter to indicate yes it was fraud and they deactivated the account. apparently this happens so much at their great, well-run company that they already have a template for it.

welp that'll make my claim with IRS easier.

RICH BRIAN (Neanderthal), Friday, 3 May 2024 20:54 (two weeks ago) link

Tempted to post in the No Way NYT thread about the morning newsletter that gets a basic analysis of the 2017 TCJA wrong in terms of homeownership deductions… but people would probably be annoyed/disappointed by the banality of my no way

sarahell, Monday, 13 May 2024 15:49 (one week ago) link

Still no refund. Anticipating full fucking audit and utter financial ruin.

butt dumb tight my boners got boners (the table is the table), Monday, 13 May 2024 15:50 (one week ago) link

I seriously doubt that, T … re audit

sarahell, Monday, 13 May 2024 17:02 (one week ago) link

Though I totally understand the anxiety… I remember when I got cited for having “borrowed” registration tags on my car and I had convinced myself that I was going to be sentenced to jail or picking up garbage on the freeway in a yellow vest … I ended up with a $250 fine and that’s it

sarahell, Monday, 13 May 2024 17:05 (one week ago) link


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